Synovus reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Synovus announced earnings per share of $0.21 on revenue of $477.9M. Analysts polled by anticipated EPS of $0.37 on revenue of $459.51M. That with comparison to EPS of $0.98 on revenue of $476.48M in the same period a year before. Synovus had reported EPS of $0.94 on revenue of $492.05M in the previous quarter. Analysts are expecting EPS of $0.41 and revenue of $454.41M in the upcoming quarter.
Synovus shares are down 57.09% from the beginning of the year , still down 58.28% from its 52 week high of $40.32 set on December 12, 2019. They are under-performing the EUR/USD which is down 0% year to date.
Synovus follows other major Financial sector earnings this month
Synovus's report follows an earnings missed by JPMorgan on April 14, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on April 15 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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